(News Bulletin 247) – The Paris index lost some ground this Friday as a computer failure apparently linked to the cybersecurity group Crowdstrike affected various sectors of the global economy. Several groups such as Ubisoft and Sartorius Stedim Biotech were also punished following poor publications.
The Paris Stock Exchange is set to close the week on a bad note. The CAC 40 fell 0.7% to 7,536.39 points on Friday, and is currently down 2.4% on a weekly basis.
The session was mainly driven by a global computer outage that disrupted many sectors of the economy, particularly the airline sector, with many airports affected and airlines no longer able to check in passengers on their computers. KLM, a subsidiary of Air France-KLM, was notably forced to suspend a large part of its operations. Air France-KLM shares fell but did not bend (-1.8%).
The global outage was identified and is believed to be due to an incident in an update of computer tools from Crowdstrike, a cybersecurity company, which affected Windows users. The company said it had identified the problem and deployed a patch.
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Ubisoft and Sartorius Stedim punished
On Wall Street, in pre-opening, Microsoft fell 1.8% and Crowdstrike lost 15%.
This outage affected some stock exchanges, notably London, whose real-time information publication service was disrupted. This was apparently not the case for the Paris Stock Exchange, with its operator Euronext indicating on its website that all its systems were operating normally.
On the value side, several groups are plunging after delivering disappointing publications. This is the case of Ubisoft which is dropping 14.4% after giving the market a lower than expected outlook for its second quarter.
Sartorius Stedim Biotech falls by 16% after lowering its 2024 targets. Same scenario and same punishment for Sopra Steria which drops by 7.7%.
In other markets, the euro is down 0.1% at $1.0886. Oil is down slightly. The September contract for North Sea Brent is down 0.2% at $84.92 a barrel, while the August contract for WTI listed in New York is down 0.3% at $82.54 a barrel.
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